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's in your walle charles: news alert, homes in louisiana evacuated after a train derailment spilled flammable and corrosive chemicals 60 miles west of baton rouge. louisiana governor bobby jindal says authorities are investigating the crash and determining the extent of the damage. another headache for detroit and it might have to wait until after halloween to see if it is allowed to file for bankruptcy but guess what, america, detroit's distress may be on your doorstep soon. our next guest says you combine other states and city tensions you would get on number, see that on your screen? $4.6 trillion? joining us is matthew from the commonwealth foundation. it is interesting because we do look and say it for the detroit. i don't think people realize they are sitting on something very similar. >> this is something that is going to happen in cities and states all across america. what we see in detroit is a precursor for the fiscal calamities that are going to occur because of unsustainable pensions and unaffordable health care costs. these have added up and we will have to pay for it one way or
and california, there flowing to other states like louisiana, new york trying for too. that is hard, tangible money leaving california. is that mainly because of the high tax rates in california? liz: that is the complaint. it was such a complaint that arnold schwarzenegger sent danny devito and clint eastwood to sacramento saying you got to keep the movie production here in california, in hollywood, in l a because it creates revenue growth but they were ignored because sacramento's said we have too many other issues, other budgetary concerns, the teachers association fought against it. california is losing out on big-time revenue because the revenue is flowing to other states in blockbuster production. stuart: don't tell me high tax rates have no consequences because they do. liz: they absolutely do. stuart: the dow down 1 and the points and we will wrap all been a moment. u2 wrapping up the market option for you today. the deadline for the debt ceiling with nona gaucher shen coming the president. the price of gold sharply higher. the price of oil very troubling. higher gas prices not too fa
. north carolina, louisiana, arkansas, montana, alaska, all democrat incumbents and states where obamacare is very unpopular. >> so, why, why did democrats stick with the democrats on obamacare? wouldn't you expect to see some peeling away, some joining with the republicans to defund it and hold it up, delay it for a year? doesn't seem to be happening much. >> well, with the republicans having gone in what i regard as an extreme direction with funding. they've made the loyalty and politics is more than one issue in one day and the white house i'm sure said to those five democrats and others if you don't stay with me on this, don't come to us for campaign help. >> how do you see this going forward politically? we've got the exchanges up and running on october the 1st and more implementation in stages. how do you see-- look, i think it's going to be chaotic. what's the political impact of that? >> well, i think you're raising two questions, first, how will implementation go? and i think that's something time will tell. the indications with the exchanges, the individual mandate, obviously, su
Search Results 0 to 2 of about 3